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801 W Madison St
Chicago, IL 60607 West Loop

Price Upon Request

Hotel For Sale  •  44,600 SF

Property Details

  • Property Type Hotel
  • Total Building Size 44,600 SF
  • Lot Size 0.35 AC
  • Building Class B
  • Year Built 2027
  • Zoning DX-7
95 Transit Score
99 Walk Score

Highlights

Historic Building with Stunning Flagship Retail Space, Perfect for Retail/Restaurant, or Member’s Club Anchor Tenant
L-Shaped Building Creates Significant Natural Light Throughout the Property
Strong Hotel Fundamentals with No New Hotels Due to Open in 2025 or 2026 in the Immediate Area
Healthy Returns with Stabilized Yield on Costs at Nearly 10% and Debt Yield Hitting 16%
Fully Permitted & Entitled Project - Timing: 14 Months Until Substantial Completion & Commencement of Hotel Operations
Positioned at the Intersection of Madison and Halsted Street, Between Two CTA L Train Stops & Major Bus Lines

Amenities

  • Balcony
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Boutique/Lifestyle Hotel
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Public Transportation

Commuter RailDriveWalkDistance
Chicago Ogilvie Transportation Center (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 8 min 0.5 mi
Chicago Union Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra), Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra), SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 10 min 0.6 mi
Transit/SubwayDriveWalkDistance
Uic-Halsted Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 9 min 0.5 mi
Morgan (Green Line - Chicago Transit Authority) 1 min 10 min 0.5 mi
Clinton Station (Green, Pink Lines) (Green Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 11 min 0.6 mi
Grand Avenue Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 13 min 0.7 mi
Clinton Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 13 min 0.7 mi
AirportDriveWalkDistance
Chicago Midway International 16 min - 10.4 mi
Chicago O'Hare International 26 min - 17.1 mi
Dominic Soltero 312-334-7242 CBRE
Dominic Soltero 312-334-7242 CBRE